Partly True
South Korea has reached the milestone of $40,000 in per capita national income, a long-cited symbol of the country's economic advancement, though the exact timing and figures behind the threshold leave the claim open to interpretation.
The "$40,000 era" (국민소득 4만달러 시대) refers to per capita gross national income crossing the $40,000 mark, a level repeatedly referenced in Korean policy discussions as a benchmark for advanced-economy status. The figure is subject to revision as the Bank of Korea finalizes its national accounts, and whether the country has durably held the level, rather than touched it in a single reporting year, remains unconfirmed.
Per capita income measured in US dollars is sensitive to exchange rate movements, meaning a weaker or stronger won can push the figure across the $40,000 line without a corresponding change in domestic purchasing power. This measurement dependency is a key reason the milestone claim warrants qualification rather than a flat affirmation.
Verdict: Partly True